Lisa Gimbel Sells 1,378 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,378 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $14.60, for a total transaction of $20,118.80. Following the completion of the transaction, the chief accounting officer now owns 3,846 shares of the company’s stock, valued at $56,151.60. This trade represents a 26.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Lisa Gimbel also recently made the following trade(s):

• On Tuesday, August 27th, Lisa Gimbel sold 900 shares of PubMatic stock. The stock was sold at an average price of $15.83, for a total value of $14,247.00.

PubMatic Stock Down 1.5 %

Shares of PUBM stock opened at $15.25 on Thursday. The business’s fifty day moving average is $14.97 and its 200 day moving average is $18.07. The stock has a market cap of $756.10 million, a price-to-earnings ratio of 49.19 and a beta of 1.39. PubMatic, Inc. has a twelve month low of $13.18 and a twelve month high of $25.36.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PUBM. Raymond James downgraded PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Macquarie reiterated a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a research report on Thursday, November 14th. Royal Bank of Canada cut their target price on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Evercore ISI increased their price target on shares of PubMatic from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group lowered their price objective on shares of PubMatic from $26.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.71.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in PubMatic by 0.5% in the first quarter. Vanguard Group Inc. now owns 4,254,391 shares of the company’s stock worth $100,914,000 after purchasing an additional 22,713 shares during the period. Renaissance Technologies LLC raised its stake in PubMatic by 28.8% during the second quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the company’s stock valued at $24,142,000 after buying an additional 265,700 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PubMatic by 0.8% in the third quarter. Geode Capital Management LLC now owns 961,155 shares of the company’s stock worth $14,295,000 after acquiring an additional 7,225 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of PubMatic by 222.8% during the third quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock valued at $11,187,000 after acquiring an additional 519,275 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of PubMatic by 17.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 676,464 shares of the company’s stock worth $10,059,000 after purchasing an additional 100,479 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors.

PubMatic Company Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.